ASIA PACIFIC OUTLOOK 2025

BRISBANE

RENT GROWTH

Prime gross effective rents grew by 17% in 2024, driven by limited new supply, a strong labour market, and inflationary pressures on face rents. With significant new supply entering the market and a slowing labour market, rent growth is expected to moderate in 2025, increasing by 4% to reach AUD 640/sqm per year. This pattern is likely to continue through 2026 and 2027, with a rebound expected in 2028, delivering around 4% growth in prime gross effective rents.

0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0%

800

FORECAST

700

600

500

400

300

200

100

0

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

AUD/SQM/YR

Rent growth (%)

RENT (AUD/SQM/YR) AND RENT GROWTH (% PER ANNUM)

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield